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Closer scrutiny of Reits, trusts IPOs if rates rise

But market players see current window for more of such deals in upcoming IPO pipeline

The tapering of quantitative easing (QE) is expected to be followed by a rise in interest rates, which would affect the borrowing costs of Reits and business trusts as many are highly geared - PHOTO: SPH

[SINGAPORE] Real estate and business trust offerings may be a harder sell in the coming months, as the market shifts towards expectations of higher interest rates. While there is still an appetite for the initial public offerings (IPOs) of real estate investment trusts (Reits) and business